Trexquant Investment LP Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Trexquant Investment LP purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 103,409 shares of the company’s stock, valued at approximately $14,780,000. Trexquant Investment LP owned approximately 0.09% of Builders FirstSource at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after acquiring an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC lifted its stake in Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after purchasing an additional 2,367 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Builders FirstSource by 14.9% in the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock worth $28,084,000 after purchasing an additional 25,535 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Builders FirstSource during the 4th quarter valued at about $27,089,000. Finally, Lecap Asset Management Ltd. raised its holdings in shares of Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after buying an additional 9,970 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent research reports. Benchmark reduced their price objective on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus cut their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Barclays decreased their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Truist Financial decreased their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average price target of $188.63.

Builders FirstSource Trading Up 0.4 %

Shares of NYSE BLDR opened at $125.40 on Wednesday. Builders FirstSource, Inc. has a 1-year low of $119.65 and a 1-year high of $210.00. The business has a fifty day moving average price of $143.98 and a 200 day moving average price of $163.76. The stock has a market capitalization of $14.25 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

About Builders FirstSource

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.